The significant financial setback Donald Trump faced this week, with a drastic decrease in his media company's worth, did not come as a surprise to Stephen Colbert.
Stephen Colbert expressed surprise at the company's devaluation, joking during his show that he did not expect Truth Social to have any value in the first place.
Stephen Colbert was referring to the substantial losses suffered by Trump Media & Technology Group, the company established to oversee Trump's unsuccessful Twitter copy, Truth Social. The unsuccessful Twitter copy, Truth Social, caused significant losses for the parent company, DJT, which saw its value drop by nearly $4 billion since going public.Last week, the parent company, known as DJT on Wall Street, was valued at an astonishing $11 billion, but its true dire financial state was later revealed, leading to a substantial decrease in stock value.
Following the public disclosure of the company's dire financial situation, the stock has lost almost $4 billion in value, and this downward trend is expected to continue due to its small user base and minimal revenue. The company's stock has plummeted by nearly $4 billion in value following the revelation of its meager user base and lack of profitability.Due to its limited user base and negligible earnings, this decline is likely to persist. This decline in value is expected to continue due to the company's small number of users and its lack of profitability..
Colbert discussed Trump posting a $175 million bond for a New York fraud judgment, made possible by a bank loan underwritten by an unconventional insurance company specializing in subprime car loans. Colbert talked about Trump putting up a $175 million bond to appeal a $454 million judgment, with the help of a company headed by an individual known for taking on risky bets in the insurance world and specializing in subprime car loans..
Colbert highlighted Trump putting up a $175 million bond to appeal a fraud judgment, with the backing of an insurance company led by an individual known for taking on risky bets and specializing in subprime car loans.
Colbert joked about the company that supported Trump's bond, with a humorous take on their willingness to provide funds for the case. He also remarked on Trump's financial situation compared with the losses on Wall Street.
Colbert continued to discuss Trump's financial situation, mentioning the significant loss of value for Truth Social and a coincidental release announcement relating to Kid Rock.
Colbert expressed surprise at the devaluation of Truth Social and jokingly referenced a recent announcement by Trump.
Colbert made a humorous remark about the content of the Bible associated with Trump, Kid Rock, and the downturn in value experienced by Truth Social. Colbert also commented on Trump's branded Bible, which was referred to as shady..
Colbert provided further context on Trump's career in relation to the situation.
Colbert comically compared the stock's plunge to other historic failures in Trump's career, highlighting the substantial loss.
View the entire monologue above.
